World Economy

Swiss private consumption growth is expected to have been weak in 2017 as economic uncertainties were still weighing on companies’ hiring intentions in the beginning of the year and the…

Denmark raised its outlook for economic growth next year as the center-right government plans tax cuts it says will help raise productivity. Gross domestic product will expand 1.9% in 2018,…

The UK economy could shrink by hundreds of billions of dollars by 2030 because of the impact of artificial intelligence and machine learning, according to a new study.

Research by The…

European shares rose on Monday, buoyed by a flurry of year-end M&A and expectations that a US bill lowering corporate taxes could soon pass.

Thales rose 7.6% after the French…

Ethiopia’s incredible economic rise has enjoyed the lavish praise of many observers from around the world. The warm approval and admiration for Ethiopia’s extraordinary economic performance is…

Malaysia’s economy is expected to be on a moderate growth momentum next year with gross domestic product projected to grow at 5.5%, said Malaysian Industrial Development Finance Amanah…

China’s consumption is expected to grow to $6 trillion from the current $4 trillion in the next three years thanks to the development of e-commerce, according to JPMorgan Chase.

The bitcoin bandwagon just keeps rolling on. The red hot digital currency hit new highs over the weekend—and it's now got the weight of the world's biggest exchange operator behind it.

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Investors bid up Portugal’s government debt on Monday, sending yields to their lowest level since 2015, after a crucial rating upgrade by Fitch added to optimism over the country’s strong…

Kenya’s imports expanded by more than a tenth to nearly Sh1 trillion ($10.9b) in 2014, trade data show, widening the trade deficit as exports rose at a slower pace, AllAfrica reported. The country…

The Australian government’s Mid-Year Economic and Fiscal Outlook was released Monday, revealing that Australia’s underlying cash deficit is now expected to stand at $23.6 billion for 2017/18,…

Sudan’s president is wanted for crimes against humanity, the economy has lost much of its oil output and the government is in arrears with the IMF. And yet Osama Faisal’s target of boosting…

The International Monetary Fund has said Azerbaijan’s economy stabilized in 2017 thanks to active macroeconomic policies and “stronger oil prices”.

“Growth prospects are positive in the…

Manufacturing conditions in Indonesia improved in November after a disappointing start to the fourth quarter, indicating further steady economic growth as it heads towards the end of the year.…

The Saudi Ministry of Finance said on Sunday that it will introduce a monthly expat levy as of 2018. The monthly tax will range between 300 and 400 Saudi riyal ($80 and 106), the ministry said…

Japan’s government plans an initial budget of a record 97.7 trillion yen ($872 billion) for the 2018/19 fiscal year, while keeping new debt issuance below this year’s level thanks to hefty tax…

Every other day, a new billionaire is minted in Asia. That growing wealth has sparked a shift in the world of investing, as ascendant emerging markets outpace the long-dominant US and Europe.…

Large investment banks such as Goldman Sachs and JPMorgan will be subject to tighter controls in the European Union after Britain leaves the bloc, under EU draft proposals meant to prevent them…

A record number of South Korean youth have given up on looking for a job, according to Statistics Korea. Last month, 1.72 million South Koreans didn’t seek employment, the highest number seen…

Congressional Republicans unveiled the final version of their dramatic US tax overhaul—debt-financed cuts for businesses, the wealthy and some middle-class Americans—and picked up crucial…

The (Persian) Gulf Cooperation Council states will see its real GDP growth slow to 0.5% in 2017 due to lower oil output, even as its non-oil growth rises on improved global conditions and slower…

South African economists warn that rating agency Moody’s has no obligation to wait to downgrade the country, despite the agency being on record stating that it would wait for both the elective…

The blockbuster deal between Walt Disney Co. and 21st Century Fox could likely put US antitrust enforcers in an awkward position following the government’s challenge to another media-…

Global growth next year is expected to be 3.5%, just above the average for the post-financial crisis era but slightly down from 3.6% in 2017. The three main factors that drove the acceleration…

Portugal’s credit ranking was raised two levels by Fitch Ratings, which restored the nation’s investment grade status amid improving debt dynamics. The rating was revised to BBB, two levels…